Certificates of Deposit
Make a short-term investment now, enjoy the savings later.
We pay one of the highest rates of interest in Minnesota.
It’s true! At American National Bank of Minnesota, we offer competitive interest rates and are proud to be counted as one of the financial institutions in Minnesota paying the highest rate of interest on CD (Certificates of Deposit) accounts.
CDs are a liquid and low-risk tool to use for investing and should make up a portion of everyone’s portfolio. At American National Bank of Minnesota, terms range from 91 days to 60 months. Your interest can be compounded to receive the highest possible yield, or you may have it deposited directly to your American National Bank of Minnesota checking or savings account.
To open a certificate of deposit account with American National Bank of Minnesota, stop by one of our branches or contact us today!
Certificate Accounts
| Term | Minimum Opening Deposit | Minimum Balance to Obtain APY* | Interest Compounding |
|---|---|---|---|
| 3 Months | $5,000.00 | $5,000.00 | At Maturity |
| 6 Months | $5,000.00 | $5,000.00 | At Maturity |
| 12 Months | $5,000.00 | $5,000.00 | Quarterly |
| 18 Months** | $5,000.00 | $5,000.00 | Quarterly |
| 24 Months | $5,000.00 | $5,000.00 | Quarterly |
| 30 Months** | $5,000.00 | $5,000.00 | Quarterly |
| 36 Months | $5,000.00 | $5,000.00 | Quarterly |
| 48 Months | $5,000.00 | $5,000.00 | Quarterly |
| 60 Months | $5,000.00 | $5,000.00 | Quarterly |
*Based on daily balance method. Fees may reduce earnings. Substantial penalties for early withdrawals.
**18 and 30 month rates are only available for automatic renewals of existing CDs.
